Checking consolidation papers, Auditing

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Checking consolidation papers

The auditor pays particular attention to the calculation of:

Goodwill arising on acquisition and consolidation
Pre-acquisition and post-acquisition profits
Minority interest
Treatment of intercompany profits in stocks
Agreements of intercompany indebtedness
Necessary cancellations in respect of intercompany cash in transit
Turnover, excluding group trading
Necessary adjustments in respect of group companies with different accounting period end.
Taxation

The consolidated accounts must comply with all relevant accounting and legal requirements.

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